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1st November 2019

Company car taxation - how are things looking?

By Nigel Morris

Tax Director

MHA MacIntyre Hudson

UNTIL recently, if your policy was based on the 'whole life cost' of vehicles and you set appropriate levels of CO2, miles per gallon (MPG) and residual value, you wouldn't go too far wrong.

However, the method for determining the CO2 ratings and MPG figures has recently changed and this is causing a lot of confusion, which is impacting choice lists. We now have the World Harmonised Light Vehicle Test Procedure (WLTP) test basis for determining CO2 and MPG.